Snowflake (SNOW) shares gain after the company reported quarterly results with sales and its outlook beating expectations. Third-quarter revenue was $942.1 million, coming in stronger than the $898.6 million expected by analysts. The software company's fourth quarter guidance was also better than expected, between the range of $906 million and $911 million, compared to the $890.7 million expected.

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This post was written by Naomi Buchanan.